~22% of the World’s Electricity Production Now from Renewable Energy30 Aug 2014 |
The International Energy Agency (IEA) has released a new report on global renewable energy matters. It's packed full of interesting stats, but one of the highlights is that ~22% of the world's electricity production is now coming from renewable energy sources.
That's up from 21% in 2012 and 18% in 2007. It's not equal to natural gas, which gets a lot of hype in the US for its low market prices and fast growth but which actually remained stable globally in 2013.
Another nice stat is that $250 billion was invested in renewable energy globally in 2013. That's impressive, but it needs to be even higher if we are going to adequately respond to the global climate challenge. Unfortunately, due to policy changes, the IEA projects that annual renewable energy investment will be flat up through 2020.
The full report, Medium-Term Renewable Energy Market Report 2014, can be purchased on the IEA website. Here are a few more charts and tables from it: